Female villains in Bollywood have evolved from stereotypical vamps to complex characters, adding depth to narratives. Iconic performances include Simi Garewal in 'Karz', Kajol in 'Gupt', Tabu in 'Andhadhun', Supriya Pathak in 'Ram-Leela', Taapsee Pannu in 'Badla', and Vidya Balan in 'Ishqiya'. These portrayals showcase diverse storytelling and powerful female roles.